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A court case in Russia has signaled a change in the attitude authorities have towards the cryptocurrency space, at least on first glance. An online portal helping traders find the best exchange options for their digital assets will be allowed to restore normal operations. That’s after prosecutors gave up their efforts to block the website citing upcoming Russian legislation meant to regulate Bitcoin.
Also read: Russia Prepares to Test Cryptocurrencies in Four of Its Regions
The crypto community has been laser focused on the current dilemma between Bitfinex exchange and New York prosecutors over the alleged loss of $ 850 million of co-mingled customer and corporate funds. After the craziness last week, the New York Attorney General’s (NYAG) office has now demanded that Bitfinex must show transparency by turning over documents tied to the firm Tether.
Also read: Crypto Community Monitors Bitfinex Wallets and the Strange 6% BTC Premium
Prosecutors in Taiwan indicted seven bitcoin traders for allegedly operating a sham crypto investment scheme that bilked $ 51 million from more than 1,000 investors. The ringleader was a 47-year-old man whose surname is Lin, Focus Taiwan reported. The alleged scammers were charged with multiple violations of Taiwanese banking and business laws. The group of seven were arrested
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Former Mt. Gox CEO Mark Karpeles has run into trouble in the Japanese legal system, and prosecutors are pursuing a 10-year jail sentence for alleged embezzlement during his tenure at Mt. Gox.
According to a local Japanese news outlet, Karpeles is under indictment for embezzling 341 million yen ($ 3 million USD) of customer funds into his own personal account. The indictment apparently also alleges that Karpeles “manipulated data on his company’s trading system to pad the balance.”
The former CEO of the now-defunct bitcoin exchange Mt Gox, Mark Karpeles, could face up to decade in prison if prosecutors have their way. According to the Nikkei Asian Review, prosecutors are seeking a 10-year jail term for Mark Karpeles for embezzlement. Among the claims made by prosecutors at the Tokyo District Court include the
The post Newsflash: Japanese Prosecutors Want Former Mt Gox CEO Jailed for 10 Years appeared first on CCN
